Nottingham launches three fixed rate loans


Nottingham Building Society has launched three 95 per cent LTV fixed rate loans after brokers called for greater choice.

The first is fixed for two years at 3.29 per cent with a £199 booking fee and £800 arrangement fee.

The second is also fixed for two years, but at 3.59 per cent with no fees.

The final product is fixed for five years at 3.99 per cent with no booking or arrangement fee.

Nottingham Building Society senior product manager Jon Cartlidge says: “We have listened to what brokers have been telling us about the need for more 95 per cent mortgage products.

“This has been especially true with our five year product, the idea being that customers will have more time to build up equity in their property over five years before moving to a new mortgage product.”